Today we have the results of another lawsuit involving Coinbase.
There are some investors who filed a lawsuit against #Coinbase because they invested at a loss and said that Coinbase is responsible because when they bought tokens on Coinbase, it was an investment contract and therefore, Coinbase violated securities laws. The judge ruled that buying tokens on the exchange is not an investment contract.
These people then appealed and today we have the results from the appeals court. All three judges disagreed with the plaintiffs and agreed with Coinbase that purchasing tokens on the exchange did not constitute an investment contract, and that Coinbase did not violate securities laws.
This is a victory for Coinbase, although this lawsuit is not related to the #SEC lawsuit against Coinbase, it also shows that in addition to Judge Torres, there are other judges who also share the same opinion, not every token on the floor is a certificate. contract.
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